Dear JustLend DAO community and JST holders,
On Oct 21, 2025 (SGT), the JustLend DAO community officially approved the JST Buyback & Burn proposal. According to the proposal, all JustLend DAO's net income—plus any USDD multichain ecosystem revenue exceeding $10 million—is dedicated to repurchasing and burning JST. As the ecosystem grows, increasing revenue will continue to drive future buybacks. Notably, alongside the JST repurchased during Q2 2026, accumulated USDJ stability fees have also been burned.
I. Details of the Fourth Burn
Time: Friday, July 17, 2026 (SGT)
Total Tokens Burned: 355,021,530.97 JST (Est. Value: $34,594,686)
Breakdown:
1. JST Repurchased in Q2 2026
Burned Amount: 248,357,799 JST
Est. Value: $24,200,955
Revenue Spent: $20,600,000
2. Accumulated USDJ Stability Fees
Burned Amount: ~106,663,731.97 JST
Est. Value: $10,393,731
Source of Funds:
Q2 2026 JustLend DAO Net Income: $10,281,441
Historical Revenue: $10,340,249
All JST repurchased in Q2 2026 have been sent to the burn address.
- Transaction Hash: 59c47582de15ed1028ca29fe860a09a8149d463ce553432506b95d924256341f
Accumulated USDJ stability fees have been burned on-chain.
- Transaction Hash: 124aab5cb2f84ef536d5f52d65db5be2fdbd8b55d813d13185e230aa73dfd714
II. Buyback and Burn Progress
Cumulative Burn: 355,021,530.97 JST (representing 3.59% of the total supply) was permanently removed from circulation this round. As of July 17, 2026, the cumulative JST burned has reached 1,711,249,863, representing 17.29% of the total supply.
Future Outlook: JustLend Grants DAO will continue to buy back JST. Relevant financial updates will be shared with our community every quarter.
Thank you for your support!
JustLend DAO Team
July 17, 2026 (SGT)